Supreme Court rejects Trump bid to fire Fed's Lisa Cook
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A federal appeals court on Monday night dismissed President Donald Trump’s emergency bid to fire Federal Reserve Governor Lisa Cook, a ruling that comes hours before a key two-day meeting where the central bank is set to decide on interest rates.
Two days after Martin Luther King, Jr. Day, Lisa Cook, the first Black woman to serve as a Federal Reserve governor, stood before the Supreme Court with her future and the Fed’s independence on the line. On Wednesday (Jan. 21), oral arguments began in a ...
